Tuesday, October 31, 2023

Guesstimates on October 31, 2023

December S&P E-mini futures:  Inflation should come down until the end of the year and the Fed is unlikely to tighten any more. I expect to see the ES trade well above 5000 over the next 12 months.

QQQ: Support is 338.

TNX (ten year note yield): Long standing upside target at 4.95% has been reached. Support is 4.60% while next upside target is 5.40%

Euro-US Dollar: The Euro is likely to drop to support at 100.

Bitcoin: Support is 26,000. The trend over the next few months should carry bitcoin at least to 36,000 and probably to 50,000.

West Texas Crude Oil: Upside target remains 100. Support is 77.

Gold:  Upside target is now 2070.

Apple: Upside target at 200 was reached. Support is now 165.

Amazon: Support is 110. Upside target is 175. 

Google: Upside target is 150-55. Support is 90.

Meta:  Support is 250 while next upside target is 375.

Netflix: Next upside target at 450 has been reached. Support now is 350.

Nvidia: Upside target is 550. Support now is 400.

Tesla: TSLA has upside target at 350. Support now is 180.

Visa: Next upside target is 285. Support is 215.

Monday, October 30, 2023

Guesstmates on October 30, 2023

December S&P E-mini futures:  Inflation should come down until the end of the year and the Fed is unlikely to tighten any more. I expect to see the ES trade well above 5000 over the next 12 months.

QQQ: Support at 350 failed. Next support is 338.

TNX (ten year note yield): Long standing upside target at 4.95% has been reached. Support is 4.60% while next upside target is 5.40%

Euro-US Dollar: The Euro is likely to drop to support at 100.

Bitcoin: Support is 26,000. The trend over the next few months should carry bitcoin at least to 36,000 and probably to 50,000.

West Texas Crude Oil: Upside target remains 100. Support is 77.

Gold:  Upside target is now 2070.

Apple: Upside target at 200 was reached. Support is now 165.

Amazon: Support is 110. Upside target is 175. 

Google: Upside target is 150-55. Support is 90.

Meta:  Support is 250 while next upside target is 375.

Netflix: Next upside target at 450 has been reached. Support now is 350.

Nvidia: Upside target is 550. Support now is 400.

Tesla: TSLA has upside target at 350. Support now is 180.

Visa: Next upside target is 285. Support is 215.

 

 

Friday, October 27, 2023

Guesstimates on October 27, 2023

December S&P E-mini futures:  Inflation should come down until the end of the year and the Fed is unlikely to tighten any more. I expect to see the ES trade well above 5000 over the next 12 months.

QQQ: Support at 350 failed. Next support is 338.

TNX (ten year note yield): Long standing upside target at 4.95% has been reached. Support is 4.60% while next upside target is 5.40%

Euro-US Dollar: The Euro is likely to drop to support at 100.

Bitcoin: Support is 26,000. The trend over the next few months should carry bitcoin at least to 36,000 and probably to 50,000.

West Texas Crude Oil: Upside target remains 100. Support is 77.

Gold:  Upside target is now 2070.

Apple: Upside target at 200 was reached. Support is now 165.

Amazon: Support is 110. Upside target is 175. 

Google: Upside target is 150-55. Support is 90.

Meta:  Support is 250 while next upside target is 375.

Netflix: Next upside target at 450 has been reached. Support now is 350.

Nvidia: Upside target is 550. Support now is 400.

Tesla: TSLA has upside target at 350. Support now is 180.

Visa: Next upside target is 285. Support is 215.